The Feinstein Institute For Medical Research
- Assets
- $183.8m
- Revenue
- $133.0m
- Investments
- $0.0
- Employees
- 701
- Location
- Westbury, NY
- Founding
- 01/1985
- Data as of
- 12/2020
- EIN
- 11-2673595
Organization Overview
The Feinstein Institute For Medical Research is located in Westbury, NY. The organization was established in 1985. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Feinstein Institute For Medical Research employed 701 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feinstein Institute For Medical Research is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Feinstein Institute For Medical Research generated $133.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $127.9m during the year ending 12/2020. While expenses have increased by 3.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH STRIVES TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES AND IS COMMITTED TO FINDING NEW ADVANCES IN MEDICINE THROUGH RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH CONDUCTS DIRECT CONTINUOUS ACTIVE MEDICAL RESEARCH IN THE AREAS OF MOLECULAR BIOLOGY, BIOSTATISTICS, ELECTRON MICROSCOPY, NUCLEAR PHYSICS MOLECULAR GENETICS, ELECTRON MICROSCOPY, NUCLEAR PHYSICS, MOLECULAR GENETICS, MOLECULAR IMMUNOLOGY, ANIMAL FACILITY, PEDIATRICS, GASTROINTESTINAL BIOCHEMICAL AND PET/CYCLOTRON ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tracey President | OfficerTrustee | 50 | $1,724,802 |
Ping Wang Trustee/svp Northwell | Trustee | 50 | $989,255 |
Chad Bouton Vp, Advanced Engineering | 50 | $629,208 | |
John Chelico Vp, Chf Infrmtcs & Innvtn Off | 50 | $582,273 | |
Catherine Alfano Vp, Cancer Care Mgmt & Rsch | 50 | $578,903 | |
Betty Diamond Center Head/autoimmune Disease | 50 | $564,286 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge Precision Healthcare Llc Equipment Services | 12/30/21 | $329,523 |
Philips Medical Systems Consulting Services | 12/30/21 | $348,024 |
Developmental Studies Hybridoma Ban Research Study | 12/30/21 | $246,879 |
Flad Architects Architects | 12/30/21 | $413,238 |
Greenphire Inc It Services | 12/30/21 | $685,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,231,058 |
| Investment income | $1,457,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,422 |
| Net Gain/Loss on Asset Sales | $899,767 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,965,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,422,031 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,869,059 |
| Pension plan accruals and contributions | $3,911,300 |
| Other employee benefits | $12,907,113 |
| Payroll taxes | $4,372,357 |
| Fees for services: Management | $1,572,958 |
| Fees for services: Legal | $58,720 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $333,453 |
| Advertising and promotion | $81,537 |
| Office expenses | $8,360,302 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,895,152 |
| Travel | $159,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,315,713 |
| Insurance | $99,992 |
| All other expenses | $0 |
| Total functional expenses | $127,937,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15 |
| Pledges and grants receivable | $15,898,576 |
| Accounts receivable, net | $415,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $523 |
| Prepaid expenses and deferred charges | $346,430 |
| Investments—publicly traded securities | $45,375,901 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,102,569 |
| Total assets | $183,805,481 |
| Accounts payable and accrued expenses | $28,995,667 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $416,522 |
| Total liabilities | $29,412,189 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $154,393,292 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that The Feinstein Institute For Medical Research has recieved totaling $25,168,672.
| Awarding Organization | Amount |
|---|---|
Northwell Health Foundation Westbury, NY PURPOSE: GENERAL SUPPORT | $19,984,065 |
Cold Spring Harbor Laboratory Cold Spring Harbor, NY PURPOSE: RESEARCH | $1,389,503 |
Cold Spring Harbor Laboratory Cold Spring Harbor, NY PURPOSE: RESEARCH | $1,389,503 |
Alzheimers Foundation Of America Inc New York, NY PURPOSE: 2021 RESEARCH GRANT | $998,156 |
Partnership To End Addiction New York, NY PURPOSE: SEE PART IV | $196,318 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CLINICAL RESEARCH | $165,592 |
Endowment Analysis
| Beg. Balance | $34,662,250 |
| Earnings | $8,003,158 |
| Other Expense | $3,250,958 |
| Ending Balance | $39,414,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Feinstein Institute For Medical Research Westbury, NY | $183,805,481 | $132,965,879 |
Monell Chemical Senses Center Philadelphia, PA | $23,424,187 | $14,213,713 |
Trudeau Institute Inc Saranac Lake, NY | $32,912,621 | $8,396,635 |
Donald Guthrie Foundation Sayre, PA | $56,153,398 | $6,059,366 |
Lymphatic Education & Research Network Inc Le&rn New York, NY | $3,889,093 | $4,129,686 |
Serenagroup Research Foundation Cambridge, MA | $146,858 | $676,235 |
Sass Foundation For Medical Research Inc Roslyn, NY | $349,661 | $364,188 |
Association For Pathology Informatics Inc Pittsburgh, PA | $165,500 | $362,691 |
The New Jersey Institute For Medical Research And Education Inc Red Bank, NJ | $234,007 | $408,852 |
Homoeopathic Pharmacopoeia Convention Of The United States Southeastern, PA | $1,230,004 | $174,691 |
American Healthcare Radiology Administrators Education Fndtn Inc Marlborough, MA | $978,128 | $402,631 |
Vincera Foundation Philadelphia, PA | $91,710 | $56,705 |